H.R. 4001 (112th): To amend the Internal Revenue Code of 1986 to allow partnerships invested in infrastructure property to be treated as publicly traded partnerships, to reduce the depreciation recovery periods for such property, and for other purposes.

Feb 09, 2012 (112th Congress, 2011–2013)
Died (Referred to Committee)
John Campbell III
Representative for California's 48th congressional district
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Last Updated
Feb 09, 2012
6 pages

This bill was introduced on February 9, 2012, in a previous session of Congress, but was not enacted.

Introduced Feb 09, 2012
Referred to Committee Feb 09, 2012

No summaries available.


House Ways and Means

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Primary Source

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H.R. stands for House of Representatives bill.

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

Amends the Internal Revenue Code to:
(1) treat income and gains from the use, sale, or exchange of infrastructure property as qualifying income for purposes of the tax treatment of publicly-traded partnerships;
(2) exempt publicly-traded partnerships from the limitation on the tax deduction for income attributable to oil-related qualified production activities;
(3) allow accelerated depreciation of infrastructure property (i.e., classify such property as five-year property); and
(4) treat exchanges of infrastructure property as like-kind exchanges (thus exempting gain from such exchanges from tax).
Defines "infrastructure property" as property which is part of: (1) roads and related improvements; (2) train tracks and related improvements; (3) airports; (4) docks and wharves; (5) facilities for sewage, solid waste disposal, the furnishing of water, the transmission and distribution of natural gas, or the generation, transmission, and distribution of electricity; or (6) communications facilities.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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